EPISODE · Jan 20, 2023 · 17 MIN
What Explains the Resilience of the Euro Area Economy?
from The Week That Was in Europe · host Klaus Adam & Dirk Schumacher
The Euro Area has faced one its most dramatic energy price shocks, is operating in an increasingly hostile international trade environment, and experienced a negative confidence shock following the Russian invasion in Ukraine. Yet, a recession has been avoided. We shed some light on why this is the case and what this means going forward.
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What Explains the Resilience of the Euro Area Economy?
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